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Author Topic: Bitcoin's strength is that nobody can crack it yet  (Read 595 times)
12tribes
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July 27, 2018, 03:24:32 PM
 #141

I do not think that it is not possible to crack the bitcoin code. What we should however know is that the chance of it being cracked can only come from a highly sophisticated and well organised system that would have billions of dollars to spend in the purchase of hardware and related components that is not and cannot be called ordinary.

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July 27, 2018, 03:25:30 PM
 #142

Bitcoin is strong as a technology but it has grown so big that at this point, Bitcoin is the only thing that could destroy itself. We don't have quantum computers at this point but whenever it will be there in the market
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July 27, 2018, 03:26:50 PM
 #143

Exactly! Bitcoin technology (protocol and cryptography) has a strong record of security records, and the Bitcoin network is likely to be the largest distributed tally project in the world. Bitcoin's most common disadvantage lies in its user error.

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July 27, 2018, 03:27:34 PM
 #144

Most likely, no one can create fake BTC coins, which is the strength that BTC money, fiat can not overcome this place.
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July 27, 2018, 03:29:16 PM
 #145

I think crypto is like a business because we involve some transaction of digital currency all over the world so still we need to pay government even we can say no regulator in crypto
Market-desi
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July 27, 2018, 03:30:29 PM
 #146

that's right bro. especially how to predict the bitcoin price movement. because until now I have never heard and see there are people who can predict price movement bitcoin gan .
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August 11, 2018, 01:09:15 PM
 #147

That is why we must make bitcoin independent from tracking

Your statement is really true.
Bitcoin can be appreciated because of its anonymity and is so secretive about its owner.

If Bitcoin is not a secret, maybe the story will be different in the future.

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August 13, 2018, 10:10:21 AM
 #148

And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
We cant determine that but lets just hope because I know that government really hates bitcoin that they will find a way to destroy it. We cant predict what will happen in the future.

 
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August 13, 2018, 10:16:04 AM
 #149

The government prohibits Bitcoin because it does not work, it can not enrich the country if we trade a large sum of money. However, Bitcoin will later prove its versatility and convenience, and The government will accept it. When they deal with tax issues, they have no reason to prohibit Bitcoin transactions.

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August 13, 2018, 10:29:55 AM
 #150

Internet and the constant update of blockchain is bitcoin's strong suit, it is clearly not governed by any world government and cannot be banned. It being cracked, it is largely not posible for now but nothing stays impossible for ever.
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August 13, 2018, 10:35:22 AM
 #151

I believe and agree that the strenght of bitcoin is so strong that nobody could even break it ,even the countries government can not easily demand what they want from bitcoin, that is why they are furious about bitcoin, even if they do not accept it, there still many people from their country are joining bitcoin in the internet.

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August 13, 2018, 10:36:02 AM
 #152

The only thing that's a little risky would be a 51% attack, not many could do that besides Bitmain but I don't think they'll be pissing in their own pot, so to say.
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August 13, 2018, 10:45:04 AM
 #153

In theory, quantum computers can crack the BTC algorithm.
But quantum computers take a lot of time to crack, and quantum computers are very rare, and most people can't use quantum computers!
In fact, the BTC real trade method is cracked!

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August 13, 2018, 10:50:11 AM
 #154

Yes because in cryptocurrencies bitcoin was the king and for me no one can beat by other coin or token,but in future i`m sure that there is some coin that can be near directly in bitcoin price but for sure too it takes more year to happen it.

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August 14, 2018, 06:06:00 AM
 #155

Yes, that's the biggest advantage of Bitcoin, which can keep it out of the control of any country or organization in the world. More decentralization and non-inflation are the basis for Bitcoin becoming stronger and stronger.

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August 14, 2018, 06:11:26 AM
 #156

When quantum computing becomes widely available governments will try their best to crack it but sadly for them it still won't break. Only phishing and other methods will get them into those wallets

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August 14, 2018, 06:46:25 AM
 #157

It is up to people’s reaction to cryptocurrencies. If people keep using bitcoin and altcoins, they will be stronger. Governments have to accept them then.

but for now as a country that has not legalized the bitcoin currency, we still need government currency to convert the crypto currency to local currency in order to make transactions
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August 18, 2018, 09:16:09 AM
 #158

I think this is the main principle protection of bitcoin, on which its steadfastness rests

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